premium• premium-quality wine• The cable company offers both standard and premium services.premium quality• Could it be that the high prices are justified by premium quality?• The group's core business is premium qualityalcoholicbeverages.• Gin is produced by the rectification of neutral spirits with premium qualitybotanicals in traditionalcopperpot stills.From Longman Business Dictionarypremiumpre‧mi‧um1 /ˈpriːmiəm/ noun [countable]1INSURANCE a payment that you make for insuranceSome insurance companies offer small sum policies, with monthly or annual premiums.single premium life insurance policiesCar insurance premiums shot up by almost a quarter. →renewal premium2an additional amount of money, above a standard amount or rateThe company’s earnings will grow by about 25% a year and investors will be willing to pay a premium (=pay more than usual) for that growth.As long as there is a threat of war in the Middle Eastern oil fields, oil prices will command a premium (=buyers will have to pay more than usual). →bond premium →conversion premium →mobility premium →option premium3at a premium if something is at a premium, there is little of it available or it is difficult to obtainWith parking space at a premium in Japanese cities, the microcar is a popular form of transport.4at a premium (to something) if one thing is sold at a premium to another, it costs morePlatinum usually trades at a premium to gold.5put/place a premium on something if you put a premium on something, you consider it to be especially valuableEmployers today put a premium on reasoning skills and willingness to learn.premiumpremium2 adjective [only before a noun]MARKETINGpremium products, goods etc are of higher quality than usualPremium brands of beer will grow faster, in line with the trend toward people demanding better quality.